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Marketplace All-in-One

U.S. sanctions Chinese firms in fentanyl crackdown

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 4 October 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC World Service: The U.S. Treasury Department announced sanctions against what it’s called a China-based network responsible for manufacturing and distribution of precursors of fentanyl and a number of other illegal drugs. An investigation has found that more than 50 YouTube channels have used AI to make science videos for kids, which get the facts wrong while getting millions of views. And band called Easy Life in England is being sued by the parent company of the low-cost airline EasyJet for using a similar name.

 

Transcript

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go to marketplace.org slash donate.

0:30.6

Crackdown on Chinese firms in the US's fight against fentanyl, hello and you're listening

0:35.4

to the marketplace morning report live from the BBC World Service, I'm Leana Bern, a

0:39.6

very good morning to you.

0:41.2

The US Treasury Department just put sanctions on what they're calling a network in China

0:45.5

that's behind making and spreading the components, needed to make fentanyl and some other illegal

0:51.1

drugs.

0:53.1

To break it down and tell us what these measures actually involve.

0:58.2

Those affected by the sanctions include 12 entities and 13 individuals based in China,

1:04.2

as well as two entities and one individual based in Canada.

1:07.9

The sanctions will basically freeze these entities, US assets and also bar Americans from doing

1:14.8

any business with them.

1:16.7

Talk to me about those Chinese firms in particular.

1:19.3

What evidence or information supports those allegations?

1:22.4

Well, according to the DA, Chinese entities have been supplying drug cartels in Mexico

1:28.4

and drug dealers in the US and in North America with the precursors, the materials that

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